Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43444
Authors: 
Kossioris, Georgios
Plexousakis, Michael
Xepapadeas, Anastasios
de Zeeuw, Aart
Year of Publication: 
2010
Series/Report no.: 
Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,101
Abstract: 
Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria for non-linear differential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to benefits and at the same time affects the ecosystem services. This paper studies the structure of optimal state- dependent taxes that steer the combined economic-ecological system towards the trajectory of optimal management, and provides an algorithm for calculating such taxes.
Subjects: 
Differential Games
non-linear Feedback Nash Equilibria
Ecosystems
Optimal State-dependent Tax
JEL: 
Q25
C73
C61
Document Type: 
Working Paper

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